Much of the ability of a government agency to easily seize or attach assets for issues like unpaid child support or unpaid taxes rests with the type of business structure created.
Does an Only Sibling Have a Right to See the Content of Her Brother’s Will?
Such a question requires a second question prior to answer: is the brother alive or deceased?
What is a Residuary Clause in a Last Will and Testament?
A ‘residuary clause’ in a Last Will & Testament concerns that portion of the testator’s estate that is not specifically granted or bequeathed to someone in the other portions of the Last Will & Testament.
Do I Amend or Create New Documents to Significantly Change a Will or a Trust?
If the changes to a Last Will and Testament or a Living Trust are significant, a person can create new documents to take the place of the existing documents. But a Will and Trust must be handled differently.
Should a Last Will and Testament’s Codicil Be Made Public Record?
If the Last Will & Testament document itself is made public record by the Probate Court, the codicil should also be made public as well, in typical circumstances.
That being stated, there may be state or local rules of the court that prevent certain documents from being made public.
Does a Spouse Give Up Rights to Personal Property if He or She Moves Out?
A person does not give up his or her property rights because of a move to a new location. So in most instances, a spouse would not lose ownership claim to items like furniture, clothing, jewelry, electronics, etc. simply for moving out of the residence.
Should I Use a Quitclaim or Warranty Deed to Transfer Property from a Trust to an Individual?
The decision as to which type of Deed a person should use to transfer property to another depends upon the type of guarantee the person making the transfer wishes to provide.
Can I Create a Will That Leaves My Estate to My Children and Grandchildren, But Not the Spouse of My Child?
It is not possible to create a stipulation within a Last Will and Testament that prevents access to the distributed assets of an estate by your heir’s spouse. But there are other options.
Must I Notarize New Trust Documents Each Time I Add or Transfer Property on Behalf of the Trust?
The Trustee may transfer property and manage the Trust assets without re-executing the Trust each time.
Can a Co-Owner of Real Estate Sell His Share Individually?
A person can sell or transfer his or her interest in real property, even if it is owned jointly with another. (However, finding a buyer who will purchase a fractional ownership interest in real estate could be a challenge.) See the following information if you need legal forms software documents to offer the property “FSBO” … Read more